Hot Reads: ETFs Overtaking Mutual Funds Globally
Plus, record short interest in Cathie Wood’s lead ETF.
Compiled by ETF.com Staff
ETFs Set To Overtake Mutual Funds As Passive Vehicle Of Choice (Financial Times)
Global assets under management in index-tracking ETFs hit a record $8.66 trillion at the end of June.
Record-High Short Interest In 'ARKK' (Financial Times)
Twelve percent of shares in Cathie Wood’s flagship are shorted.
Betting Against ARK ETFs Is Good For Cathie Wood (FA Magazine)
Anything (within reason) that can bring attention and trading volume to an ETF is generally a good thing for its long-term staying power.
New Brazilian Bitcoin ETF Pledges Carbon Neutrality (CoinTelegraph)
Hashdex has promised to invest a portion of the assets managed by its new BITH11 ETF into carbon credits and green tech.
FTX CEO: Infrastructure Bill’s Crypto Tax Would Send Industry Offshore (Business Insider)
Sam Bankman-Fried says the plan to increase tax collection on cryptocurrency trades would force ethereum miners out of the country.
Global Asset Management Industry Thrived In Pandemic (Institutional Investor)
Asset managers have exploited new opportunities in product development, ESG and emerging markets to produce solid growth in assets.
Wall Street Investment Banks Cut China Growth Forecasts (Reuters)
The delta variant and slowing exports led to analysts cutting optimism for the country’s outlook.
Can You Change Your Mindset On Money? (Evidence-Based Investor)
Earning more doesn’t ease the mind, a new study says.
